Quote:
Originally Posted by steve B
all the different types have their place. I'm more comfortable with physical objects, mostly because I'm old and also partly because I have doubts our current all electronic systems will survive a Carrington level event.
One paper I wrote for college economics was about making money on metals mostly gold and silver. nearly everyone at the time went from weekly published prices that lagged the actual markets. That lag was often longer for actual collectibles. So a silver or gold coin that was essentially an ounce could still be had at last weeks price a week later or more. Likewise, there was a corresponding lag when the price went down. so if you bought at 20 and it went up to 30 you got a heads up when it headed back down
Many electronic funds do similar trading, but more complex and MUCH faster, Taking and selling huge positions in a stock in milliseconds. (from a friend who ran computers in the financial industry) He thought day traders were set up to loose in the long run because they were never fast enough to compete.
To me metals are a mid term investment, not a buy today sell tomorrow, and not a hold for 20 years thing but a few months, maybe a year.
|
Talking about gold is like talking about religion in many ways! I'm kind of in this camp, albeit for slightly different reasons. I feel more secure having some standardized gold coins in my home. If there is a Carrington level event or we find ourselves in a situation where we become refugees where our lives are reduced to what we can carry, those gold coins could be life savers (and their value could become priceless in some ways). For that reason, physical gold is the only type that interests me. But I certainly don't see it as an investment in the traditional sense.